80 Virginia Street

Kingston, Ontario K7K 5Y4

210,000 sqft Interior

135.05 X 295.16 Ft Lot size

55 days ago Listed

None Radiant Heat

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About this home

Excellent opportunity to acquire a well-maintained 25-unit low-rise apartment building in Kingston, Ontario. Previously REIT-owned, this property has been professionally managed and is in excellent overall condition. Conveniently located on a bus route, minutes to Highway 401, and close to downtown Kingston.The building offers stable in-place income with clear upside through rental increases on tenant turnover. Additional lift may be available by having new tenancies pay their own hydro.A clean, stabilized multifamily asset in a strong rental market with meaningful long-term upside. (id:28469)

Brochure

Business

Business Type	Residential
Business Sub Type	Apartments

Facts & features

Property

MLS® Number: X13124720
Property Type: Multi-family
Community Name: 23 - Rideau

Building

Cooling Type: None
Heating Type: Radiant Heat
Size Interior: 210,000 Sqft
Type: Multi-family
Utility Water: Municipal Water

Land

Acreage: No
Size Depth: 295 Ft ,1 In
Size Frontage: 135 Ft
Size Irregular: 135.05 X 295.16 Ft
Size Total Text: 135.05 X 295.16 Ft
Zoning Description: B1

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $21,032/mo
Ontario land transfer tax: $105,225 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Rideau market

26 Active listings

$464,900 Median asking price

922% above median This home

25 days Avg. time on market

Browse all Rideau listings →

Location

80 Virginia Street, Kingston, Ontario K7K 5Y4 · Get directions